Updated Apr 9, 2025
ARC Trust Sells Multifamily Property At 11 Rutland Rd Brooklyn For $1.9M
11 Rutland Rd
$1,900,000
$160/SF
Building Size
11,808 SF
Asset Type
MultiFamily
Closing
Dec 18, 2019
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 11 Rutland Rd in Brooklyn. The sale was finalized for a total price of $1,900,000.00, encompassing a total square footage of 11,808.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,900,000.00
- Address: 11 Rutland Rd
- Market: Brooklyn
- Square Footage: 11,808.0
- Seller: ARC Trust
Key individuals involved in the transaction include brokers Moshe Goldberger and Josh Orlander, both representing GFI Realty Services. Their involvement facilitated the successful sale of the property on December 18, 2019.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93